DALLAS,
Oct. 20,
2023 /PRNewswire/ -- Argent Trust Company, as Trustee
of the Cross Timbers Royalty Trust (the "Trust") (NYSE:CRT), today
declared a cash distribution to the holders of its units of
beneficial interest of $0.109923 per
unit, payable on November 14, 2023,
to unitholders of record on October 31,
2023. The following table shows underlying oil and gas sales
and average prices attributable to the current month and prior
month distributions.
|
|
Underlying
Sales
|
|
|
|
|
Volumes
(a)
|
|
Average
Price
|
|
|
Oil
(Bbls)
|
|
Gas
(Mcf)
|
|
Oil
(per Bbl)
|
|
Gas
(per Mcf)
|
|
|
Current Month
Distribution
|
|
14,000
|
|
105,000
|
|
$75.47
|
|
$3.97
|
|
|
Prior Month
Distribution
|
|
12,000
|
|
108,000
|
|
$72.38
|
|
$4.01
|
|
|
(a)
Sales volumes are recorded in the month the Trust receives the
related net profits income.
Because of this, sales volumes may fluctuate from month to month
based on the timing of
cash receipts.
|
Excess Costs
XTO Energy has advised the Trustee that excess
costs increased by $79,000 on
properties underlying the Texas Working Interest net profits
interests. However, these excess costs did not reduce net proceeds
from the remaining conveyances. Underlying cumulative excess
costs remaining on the Texas Working Interest net profits interests
total $2,510,000, including accrued
interest of $780,000.
For more information on the Trust, please visit
our website at www.crt-crosstimbers.com.
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content:https://www.prnewswire.com/news-releases/cross-timbers-royalty-trust-declares-october-cash-distribution-301962859.html
SOURCE Cross Timbers Royalty Trust
